Carvana (CVNA) Stock Is Rising This Week: What's Going On?

Carvana Co (NYSE:CVNA) shares have jumped 0.50% this week to $298.89, extending a powerful rally that has lifted the stock 43% over the past month.

The surge follows a blockbuster first-quarter earnings report, with the online used car retailer delivering record performance and raising its full-year guidance.

What To Know: For the first-quarter, Carvana posted revenue of $4.23 billion and adjusted EBITDA of $488 million—both exceeding Wall Street expectations.

Retail unit sales surged 46% year-over-year to an all-time high of 133,898 vehicles, fueling strong profitability. Net income reached $373 million, translating to an 8.8% margin, while adjusted EBITDA margin climbed to 11.5%. Free cash flow also impressed at $205 million, beating forecasts.

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Analysts responded with optimism. BofA Securities reiterated its Buy rating and raised its price target to $295, citing improved operational efficiency and widening financing margins. Wells Fargo and Baird lifted their targets to $310 and $275, respectively, while Needham maintained its bullish $340 target.

Looking ahead, Carvana expects continued momentum in the second-quarter, projecting 138,000 units sold and $536 million in adjusted EBITDA. Management reaffirmed its ambitious long-term vision of reaching 3 million units sold annually with a 13.5% EBITDA margin. The company sees ample room for growth in the still-nascent online auto retail space.

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How To Buy CVNA Stock

By now you're likely curious about how to participate in the market for Carvana – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, CVNA has a 52-week high of $311.88 and a 52-week low of $97.55.